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Dear Valued Cardholder In accordance with a
directive from Bank Negara Malaysia, all card issuing financial
institutions provide an interest free period of at least 20 days from the
statement date on all retail transactions. However, we wish to inform you
that OCBC BankCard has decided to provide an interest free period of 30 days
from the statement date. This will be applicable for retail transactions
posted into the account on or after 1 March 1996. 2) Arising from the
interest free period for retail transactions, interest charges on cash and
quasi-cash transactions will now be computed from the date of the current
monthly statement. This will be applicable for cash and quasi-cash
transactions posted into the account on or after 1 March 1996. A copy of the
relevant revised clauses of the Cardholder's Agreement which explains the
interest computation method is attached for your
perusal and retention. The interest rate will be retained at 18%
per annum. 3) Should you need any clarification, please do not hesitate to
contact our Customer Relation Officers at 00-292 XXXX. Thank you Yours
faithfully
Vincent President Consumer Banking
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